If the selling price of an article is 4/3 of its cost price, the profit in the transaction is.

Question: If the selling price of an article is 4/3 of its cost price, the profit in the transaction is-.

Solution:
Let,
Cost Price = 3x
And selling Price = 4x

∴ Profit = 4x - 3x = x

∴ Profit % = (x/3x) × 100%
= 100/3 %
= 33.33%